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Cigna Corp (CI.N)

CI.N on New York Stock Exchange

210.00USD
19 Oct 2018
Change (% chg)

$-2.74 (-1.29%)
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Volume
597,978
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533,859
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$227.12
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Latest Key Developments (Source: Significant Developments)

Cigna Announces Enterprise Leadership Team For Combined Company
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Cigna Corp ::CIGNA ANNOUNCES ENTERPRISE LEADERSHIP TEAM FOR COMBINED COMPANY.EXPRESS SCRIPTS PRESIDENT AND CEO TIM WENTWORTH WILL HEAD HEALTH SERVICES BUSINESS AS PRESIDENT, EXPRESS SCRIPTS AND CIGNA SERVICES.ERIC PALMER WILL BE THE CHIEF FINANCIAL OFFICER OF THE COMBINED CO AFTER EXPRESS SCRIPTS MERGER.CHANGES EFFECTIVE UPON COMPLETION OF EXPRESS SCRIPTS MERGER, EXPECTED BY YEAR-END 2018.COMBINED CO WILL OFFER PLATFORMS SUCH AS A COMMERCIAL BUSINESS, A GOVERNMENT. BUSINESS, INTERNATIONAL BUSINESS & A HEALTH SERVICES BUSINESS.COMBINED CO'S HEALTH SERVICES BUSINESS WILL INCLUDE EXPRESS SCRIPTS.  Full Article

Cigna TTK Health Insurance Receives IRDAI Approval To Partner With Manipal Group
Monday, 3 Sep 2018 

Sept 3 (Reuters) - CIGNA TTK HEALTH INSURANCE::CIGNA TTK HEALTH INSURANCE RECEIVES IRDAI APPROVAL TO PARTNER WITH MANIPAL GROUP.  Full Article

Express Scripts Stockholders Approve Acquisition By Cigna
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Express Scripts Holding Co ::EXPRESS SCRIPTS STOCKHOLDERS APPROVE ACQUISITION BY CIGNA.EXPRESS SCRIPTS HOLDING - EXPRESS SCRIPTS EXPECTS DEAL WITH CIGNA TO CLOSE BY DEC 31, 2018.EXPRESS SCRIPTS HOLDING - BASED ON PRELIMINARY TABULATION, ABOUT 78 PERCENT OF SHARES OF CO'S COMMON STOCK ADOPTED CIGNA GREEMENT.EXPRESS SCRIPTS - OVER 99 PERCENT OF CO'S SHARES VOTED AT SPECIAL MEETING OF SHAREHOLDERS ADOPTED CIGNA DEAL.  Full Article

Cigna Shareholders Approve Express Scripts Acquisition
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Cigna Corp ::CIGNA SHAREHOLDERS APPROVE EXPRESS SCRIPTS ACQUISITION.CIGNA CORP - CIGNA ANTICIPATES THAT MERGER WILL CLOSE BY YEAR-END 2018.CIGNA CORP - CIGNA ANTICIPATES THAT MERGER WILL CLOSE BY YEAR-END 2018.CIGNA - AT MEETING, APPROXIMATELY 90 PERCENT OF VOTES CAST WERE VOTED IN FAVOR OF MERGER AGREEMENT WITH EXPRESS SCRIPTS.  Full Article

Cigna Says Expect To Reaffirm Projected FY 2018 Adjusted Income From Operations
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Cigna Corp ::CIGNA SAYS EXPECT TO REAFFIRM PROJECTED FY 2018 ADJUSTED INCOME FROM OPERATIONS, WHICH REMAINS IN RANGE OF $3.34 BILLION TO $3.42 BILLION - SEC FILING.  Full Article

Carl Icahn Issues Open Letter To Shareholders Of Cigna Corp
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Carl C. Icahn::CARL C. ICAHN ISSUES OPEN LETTER TO SHAREHOLDERS OF CIGNA CORPORATION.CARL C. ICAHN SAYS VOTE “AGAINST” CIGNA'S EXPRESS SCRIPTS TRANSACTION.CARL ICAHN - BELIEVE CIGNA SHOULD PURSUE MULTI-YEAR PARTNERSHIP WITH EXISTING PBM PROVIDER, POTENTIALLY EXPRESS SCRIPTS.CARL ICAHN SAYS COMPETITIVE RISK FROM AMAZON WILL BE AN "EXISTENTIAL THREAT" TO PBMS LIKE EXPRESS SCRIPTS.CARL ICAHN SAYS REGULATORY RISK DUE TO OPPOSITION TO REBATE SYSTEM WILL LIKELY LOWER EXPRESS SCRIPTS’ PROFITABILITY.CARL ICAHN - CIGNA HAS DONE WELL ON ITS OWN, MAY NOT NEED PBM CAPABILITIES ONCE LANDSCAPE CHANGES AND/OR AMAZON & OTHER COMPETITORS MATERIALIZE.CARL ICAHN SAYS CIGNA IS "OVERPAYING" FOR EXPRESS SCRIPTS.CARL ICAHN - WOULD LIKE TO SEE CIGNA USE CASH PORTION OF EXPRESS SCRIPTS CONSIDERATION & FCF TO "AGGRESSIVELY" REPURCHASE OWN SHARES.CARL ICAHN - CIGNA IS "UNDERVALUED" BECAUSE OF FEAR THAT EXPRESS SCRIPTS DEAL MAY BE APPROVED BY SHAREHOLDERS.CARL ICAHN SAYS CURRENTLY LONG CIGNA AND SHORT EXPRESS SCRIPTS STOCK.CARL ICAHN - OUR BELIEF THAT PBM INDUSTRY WILL MOVE TO ENTIRELY FEE-BASED MODEL OVER TIME.  Full Article

Cigna Reports Q2 EPS $3.29, Raises Outlook
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Cigna Corp ::CIGNA REPORTS STRONG SECOND QUARTER 2018 RESULTS, RAISES OUTLOOK.TOTAL REVENUES INCREASED 10 PCT TO $11.5 BILLION IN Q2.CIGNA - ADJUSTED INCOME FROM OPERATIONS IN Q2 WAS $955 MILLION, OR $3.89 PER SHARE.NET INCOME FOR Q2 WAS $806 MILLION, OR $3.29 PER SHARE.CIGNA - FY ADJUSTED INCOME FROM OPERATIONS IS NOW PROJECTED TO GROW IN RANGE OF $13.60 TO $13.90 PER SHARE.Q2 EARNINGS PER SHARE VIEW $3.33, REVENUE VIEW $11.15 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES $11,477 MILLION VERSUS $10,425 MILLION.SEES 2018 TOTAL REVENUE GROWTH OF ABOUT 8%.FY2018 EARNINGS PER SHARE VIEW $13.19, REVENUE VIEW $44.75 BILLION -- THOMSON REUTERS I/B/E/S.SEES FULL YEAR TOTAL GOVERNMENT MEDICAL CARE RATIO 83.0 PCT TO 84.0 PCT.SEES 2018 TOTAL COMMERCIAL MEDICAL CARE RATIO OF 77.0 PCT TO 78.0 PCT.  Full Article

Cigna Corp Says Expects To Reaffirm Projected FY 2018 Consolidated Adj. Income From Operations
Thursday, 31 May 2018 

May 31 (Reuters) - Cigna Corp ::CIGNA OFFICIALS EXPECT TO REAFFIRM PROJECTED FULL YEAR 2018 CONSOLIDATED ADJUSTED INCOME FROM OPERATIONS.FY2018 EARNINGS PER SHARE VIEW $13.19 -- THOMSON REUTERS I/B/E/S.  Full Article

Jana Partners Dissolves Sole Share Stake In Comcast, Pandora Media, DowDuPont
Tuesday, 15 May 2018 

May 15 (Reuters) - Jana Partners LLC::JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN COMCAST - SEC FILING.JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN PANDORA MEDIA.JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN DOWDUPONT INC.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 1 MILLION SPONSORED ADS IN IQIYI INC.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 300,678 SHARES IN CIGNA CORP.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 1.3 MILLION SHARES IN AUTODESK INC.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 568,982 SHARES IN ELECTRONIC ARTS.JANA PARTNERS - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

Cigna-On April 23, Co, Express Scripts Each Received Request For Additional Info, Documentary Material From DOJ In Connection With DOJ's Review Of Deal
Monday, 23 Apr 2018 

April 23 (Reuters) - Cigna Corp ::CIGNA-ON APRIL 23, CO, EXPRESS SCRIPTS EACH RECEIVED REQUEST FOR ADDITIONAL INFO, DOCUMENTARY MATERIAL FROM DOJ IN CONNECTION WITH DOJ'S REVIEW OF DEAL.CIGNA - EFFECT OF SECOND REQUEST IS TO EXTEND WAITING PERIOD IMPOSED BY HART-SCOTT-RODINO ACT UNTIL 30 DAYS AFTER CO, EXPRESS SCRIPTS HAVE COMPLIED WITH SECOND REQUEST.  Full Article

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Express Scripts covers Amgen, Lilly migraine drugs, excludes Teva

LOS ANGELES Express Scripts Holding Co , one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc , but exclude a rival medication from Teva Pharmaceutical Industries Ltd after price negotiations with all three manufacturers.